dticorp
Joined: 19 Aug 2006
Posts: 1759
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| Posted: Tue Aug 03, 2010 5:23 pm Post subject: eBay: The World's Marketplace [Infographic] |
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eBay: The World's Marketplace [Infographic]
Personally, I've bought and sold dozens of things on online auction giant eBay. I've picked up turntables and records, books, and a book on cassette. I've sold computer parts, a watch and a car -- the latter I delivered to a guy in the Bronx who's wife wasn't too happy to learn what he had been up to online. eBay is a fascinating company (and social experiment), which is why I was excited the guys from Online University made their latest infographic about it.
See Ozone hole up for sale on eBay
There's few things like the (legal) rush of bidding on eBay. Or if you're feeling lucky, try selling a car on there with no reserve -- now THAT's one for nail biting. As in much of life, much of the action doesn't happen til the very end, as most of us are procrastinators. (By the way, eBay uses what's called proxy bidding, based on an English second-price auction, which is similar to a Vickrey auction, for those of us who geek out on theory.)
As the infographic below shows, the growth of eBay has been truly phenomenal (with the possible negative side effect of the political career of one Meg Whitman). eBay enjoys estimated annual sales of $60 billion, with 89.5 million "active" users, enough so that the site would rate as the 13th largest country in the world. Also, who knew what the first sale was?
Rest of the article here:
http://www.huffingtonpost.com/brian-clark-howard/ebay-the-worlds-marketpla_b_668050.html
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